Top economist Gary Shilling says a recession and a deep stock-market plunge are likely by year-end - Business Insider
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- Gary Shilling predicts a recession and a deep stock‑market plunge by year‑end.
- Business Insider reports that lower earners are stuck while the wealthy pull ahead, highlighting widening inequality.
- Walmart rolled out new digital price tags, sparking controversy among shoppers and regulators.
Why it matters: U.S. stock investors will face steep losses by year‑end, eroding retirement portfolios, squeezing pension funds, and prompting a pullback in consumer spending that slows GDP growth.
